Royal Bank of Canada set a $68.00 price target on Helmerich & Payne (NYSE:HP) in a research report released on Thursday morning. The firm currently has a hold rating on the oil and gas company’s stock.
Several other research analysts have also recently commented on HP. B. Riley reiterated a neutral rating on shares of Helmerich & Payne in a report on Wednesday, November 1st. SunTrust Banks reiterated a sell rating and issued a $37.00 target price (down from $66.00) on shares of Helmerich & Payne in a report on Tuesday, October 3rd. Cowen set a $50.00 price target on shares of Helmerich & Payne and gave the stock a hold rating in a research report on Wednesday, October 18th. BMO Capital Markets reissued a sell rating on shares of Helmerich & Payne in a research report on Friday, October 13th. Finally, Tudor Pickering raised shares of Helmerich & Payne from a hold rating to a buy rating in a research report on Thursday. Eight equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. Helmerich & Payne presently has a consensus rating of Hold and a consensus target price of $55.38.
Helmerich & Payne (HP) opened at $64.32 on Thursday. Helmerich & Payne has a 12-month low of $42.16 and a 12-month high of $81.30. The firm has a market cap of $7,060.00, a PE ratio of -54.05 and a beta of 1.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.19 and a current ratio of 3.59.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.35%. The ex-dividend date is Friday, February 9th. Helmerich & Payne’s payout ratio is presently -235.29%.
In other news, Director Chapman Paula Marshall sold 2,555 shares of Helmerich & Payne stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $57.80, for a total value of $147,679.00. Following the transaction, the director now owns 12,525 shares of the company’s stock, valued at $723,945. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.90% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Meridian Wealth Management LLC bought a new position in shares of Helmerich & Payne during the third quarter valued at $217,000. Swiss National Bank raised its holdings in shares of Helmerich & Payne by 3.1% in the second quarter. Swiss National Bank now owns 395,052 shares of the oil and gas company’s stock valued at $21,467,000 after buying an additional 11,800 shares during the last quarter. Honkamp Krueger Financial Services Inc. bought a new position in shares of Helmerich & Payne in the third quarter valued at about $286,000. Brookstone Capital Management bought a new position in shares of Helmerich & Payne in the second quarter valued at about $284,000. Finally, Andra AP fonden raised its holdings in shares of Helmerich & Payne by 65.7% in the second quarter. Andra AP fonden now owns 29,000 shares of the oil and gas company’s stock valued at $1,576,000 after buying an additional 11,500 shares during the last quarter.
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Helmerich & Payne Company Profile
Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.
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